{"id":8302,"date":"2019-03-07T23:01:51","date_gmt":"2019-03-07T23:01:51","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/economy-needs-more-women-entrepreneurs\/"},"modified":"2019-03-07T23:01:51","modified_gmt":"2019-03-07T23:01:51","slug":"economy-needs-more-women-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/economy-needs-more-women-entrepreneurs\/","title":{"rendered":"Economy ‘needs more women entrepreneurs’"},"content":{"rendered":"\n
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The UK economy could be given a \u00a3250bn boost if women entrepreneurs were given the opportunity to develop new businesses on the same scale as men, a government-commissioned report said.<\/p>\n

It estimates there are 1.1 million “missing” female-run firms and sets out eight ways of boosting the number of female entrepreneurs.<\/p>\n

One of the ideas is a code for investors to report gender funding.<\/p>\n

Alison Rose, head of the review, said the shortfall was hurting the economy.<\/p>\n

Ms Rose, the head of Royal Bank of Scotland’s corporate, commercial and private banking business, said: “I firmly believe that the disparity that exists between female and male entrepreneurs is unacceptable and holding the UK back.”<\/p>\n

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\n Alison Rose says there are more than one million missing businesses because of the barriers to female entrepreneurs
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“The unrealised potential for the UK economy is enormous,” said Ms Rose, who is also deputy chief executive of NatWest.<\/p>\n

Ms Rose was commissioned in September by Robert Jenrick, Exchequer Secretary to the Treasury, to examine whether there were unfair obstacles preventing women setting up businesses.<\/p>\n

Mr Jenrick said: “Today’s striving businesswomen are too often facing barriers to setting up and growing their own enterprise. These barriers don’t just hold back women, they hold back every single one of us.”<\/p>\n

Prime Minister Theresa May said the government would encourage more companies to look at the gender split of the companies they invested in.<\/p>\n

NatWest, owned by RBS, is to be the first signatory to the code, which commits financial investors to setting out gender funding, while the Treasury will establish a new “investing in female entrepreneurs code” to show a gender split of the investments they make annually.<\/p>\n